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Nio surges, on track for its second-best day of 2025

Chinese EV maker Nio is on pace for its second-best day of the year, up about 14% in Friday morning trading.

Nio’s been boosted recently by its fresh electric SUVs, priced to rival Tesla’s Model Y. An upgraded DeepSeek model has also sent many Chinese tech-related stocks climbing this week.

As of 11:30 a.m. ET, Nio’s trading volume had already surpassed 116 million shares — significantly above its full-day average of about 75 million over the past 30 days and good enough for one of its 10 highest-traded days of 2025 so far.

The only day Nio has risen more this year was March 11, when the stock jumped 17%.

Including today’s move, the stock is up nearly 30% in the past five days.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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